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Archer Daniels Midland

August 5, 2009

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Archer Daniels Midland Co. reported that its fourth-quarter profit plunged 83 percent as demand slowed for oilseeds, ethanol, and other agricultural commodities. The world’s largest grain processor said income fell to $64 million, or 21 cents per share on an adjusted basis, from $372 million, or 58 cents, a year ago. Rival Bunge Ltd.’s profit fell 58 percent on lower demand for oilseeds.